(Reliance Industries, 6.Jul.2023) — Reliance Industries Limited (RIL) and bp p.l.c. confirmed the commencement of production from the MJ field, following testing and commissioning activities. The MJ field represents the last […]
Tag: Reliance Industries
NRGBriefs: Washington yet to Ease Sanctions on Venezuela
(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and […]
Colombia Testing Waters for Carbon-Neutral Crude
(Bloomberg, 7.Dec.2021) — Colombia, a producer of sludgy, dirty oil, is seeking to sell crude that’s carbon neutral as it tests the market’s appetite for ESG oil. State-controlled oil driller […]
Reliance’s US Shale Exit Signals Refocus Intent
(S&P Global, 11.Nov.2021) — The move by Reliance Industries to divest all its US shale assets and exit the sector signals its intention to ensure the company maintains its sharp […]
US May Restore Venezuela Diesel Swaps, Ease Waiver
(Argus, 20.Jan.2021) — The new US administration is considering whether to reinstate Venezuelan crude-for-diesel swaps and ease a key sanctions waiver, but policy reversals alone would not be enough to […]
Entities Look To Press Biden On Venezuela Fuel Swaps
(Reuters, 18.Jan.2021) — Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe […]
Sign of Venezuela’s Oil Collapse Is Storage Surge
(Bloomberg, 23.Oct.2020) — Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions ward away buyers of the nation’s most important commodity. That […]
Reliance Buys Canadian Oil To Offset Venezuelan Oil
(Reuters, 1.Oct.2020) — Reliance Industries has agreed to purchase 2 million barrels of Canadian heavy crude per month, three industry sources said, as a substitute for dwindling Venezuelan supply. The […]
US’ Abrams Eyes Tighter Sanctions On Venezuela
(Reuters, 31.Aug.2020) — The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially […]
US Eyes October To End Exemptions On Venezuela
(Reuters, 19.Aug.2020) — The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s […]
Trump Govt Weighs Tighter Sanctions On Venezuelan Oil
(Bloomberg, 18.Aug.2020) — The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with […]
Reliance To Load Venezuelan Oil In Fuel Swap Deal
(Sputnik, 10.Jul.2020) — India is one of the biggest buyers of Venezuelan oil in spite of US sanctions. Private Indian refiners Reliance Industries and Nayara Energy are the only buyers […]
Reliance To Load Venezuelan Oil Under Fuel Swap Deal
(Reuters, 9.Jul.2020) — India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is […]
India Boosts Imports Of Venezuelan Oil
(Argus, 29.Jul.2019) — India’s imports of Venezuelan crude jumped by 25pc year on year in June and by 37pc from May, reflecting the limited reach of US sanctions on the […]
PDVSA Ships $35 Million Oil Cargo To Pay Dividends To ONGC – Sources
(Reuters, Alexandra Ulmer, Nidhi Verma, 31.Oct.2018) — Venezuela’s state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for […]
PDVSA, Reliance Discuss Trade Opportunities
(Energy Analytics Institute, Piero Stewart, 28.Jun.2018) – Officials from PDVSA and Reliance assess new trade opportunities. PDVSA President Manuel Quevedo met with a delegation headed by Jayaraman Rajamaran, President and […]
Venezuela Oil Exports to China Slump
(Reuters, 17.Jun.2018) – Reuters) – China’s imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC producer struggles with shrinking output […]